An investigation for investors in Shift Technologies, Inc. (NASDAQ:SFT) shares over potential securities laws violations by Shift Technologies, Inc. was announced.

San Diego, CA -- (SBWire) -- 02/02/2023 --An investigation was announced on behalf of investors of Shift Technologies, Inc. (NASDAQ: SFT) shares over potential securities laws violations by Shift Technologies, Inc. f.k.a. Insurance Acquisition Corporation.

Investors who purchased shares of Shift Technologies, Inc. (NASDAQ: SFT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Shift Technologies, Inc. (NASDAQ: SFT) concerning whether a series of statements by Shift Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. On October 13, 2020, Shift Technologies, Inc. and Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company sponsored by Cohen & Company (NYSE American: COHN), announced the closing of their business combination.

Shift Technologies, Inc. (NASDAQ: SFT) declined to as low as $0.13 per share on December 28, 2022.

Those who purchased shares of Shift Technologies, Inc. (NASDAQ: SFT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.